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This corporate presentation provides an overview of NQ Exploration's projects and highlights the company's strong institutional support and focus on silver and precious metal projects in Quebec.
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CORPORATE PRESENTATION David Grondin B.A.A. President & CEO July 2011 NQE TSX VENTURE EXCHANGE
FORWARD LOOKING STATEMENT This presentation may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in NQ Exploration periodic reports including the management discussion and analysis quarterly reports or in the filings made by NQ Exploration from time to time with securities regulatory authorities. NQ Exploration undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.
DIRECTORS AND MANAGEMENT David Grondin President and CEO, Director Jean Rainville Chief financial officer Pierre O’Dowd VP exploration Guy Parent Director of exploration Alexander Banks Director Christian Perrier Director Alain Champoux Director Pierre Folco Director Michel Gauthier Technical advisory board
STRONG INSTITUTIONNAL SUPPORT • Institutions and Funds holding more than • 43% of the company • SIDEX • SODEMEX • FSTQ • FSTQ Nord du Québec • SDBJ (Société de Développement de la Baie James)
CARHEIL REGIONAL GEOLOGY Detour Gold
CARHEIL BROUILLAN GEOLOGY Nordest Showing
CARHEIL AND BROUILLAN PROPERTIES • Definitiondrilling on the Nordestshowing ( 6000 m for the summer, up to 15 000 m nextwinter) • One of the largest land holding in the Selbaie mine district • Richestsilverdiscovery in Quebec (100% NQ) • Definitiondrilling on the Nordestshowing • 8 km of the favorable stratigraphy • Otherpoorlyexplored prospective horizons • OBJECTIVE: First NI compliant 43-101 resourcesestimate (winter 2012)
CARHEIL NORDEST SHOWING: Ag1 zone • C • CA2009-04: 0.52% Zn, 69.9 g/T Ag over 24.7m including 0.32%Zn, 170.7g/T Ag over 4.5m and 1.53% Zn, 95.5 g/T Ag over 4.5m • CA2009-05: 170.7 g/T Ag over 35.5 metresincluding1.58% Zn, 524 g/T Ag over 10.5 m • CA2010-09: 0.66% Zn, 266 g/T Ag over 7.25 m and 0.38% Zn, 296 g/T Ag over 2.45 m • CA2011-14: 231 g/T Ag over 7 metres • CA2011-15: 281 g/T Ag over 6.3 metres • OTHER SIGNIFICANT RESULTS • CA2009-01 0.78% Zn over 78.2 m • CA2009-02 0.64% Zn, 74.1 g/T Ag over 10.9 m • CA2009-07 1.78% Cu,18.5 g/T Ag, 4.78 g/T Au over 1.3m • CA2010-09 1.07% Zn, 15.5 g/T Ag, 2.55 g/T Au over 2.0 m
CARHEIL LONGITUDINAL SECTION • Ag 1 Zone • Good continuity • Grades tend to increase with depth • Open in many directions
CARHEIL LONGITUDINAL SECTION • OrAg 1 Zone • New discovery • Gold high grade-11.75g/t • Accompanied by Silver and Zinc • OPEN in depth in all directions
CARHEIL CROSS SECTION • High grade Silver and Gold Zones • In the felsic unit • Associated with highly silicified and albitized alteration related to the alteration pipe • Open in many directions. • Potential for other zones
LAC SHORTT REGIONAL GEOLOGY Chibougamau Montviel, REE Chapais Lac Shortt Joe Mann Coniagas, Bachelor Lake
LAC SHORTT MINING DISTRICT • 12 km of the Opawica – Guercheville DZ • Land package includes the former Lac Shortt mine • Several known surface gold occurences to be tested • Top priorities: Eastern extension of Lac Shortt mine • The Mariposite showing • 3,500 m of drilling planned for the summer of 2011
LAC SHORTT GEOLOGY Drill targets
LAC SHORTT PROPERTY • South Zone, 300 metres south of the shaft, depths between 200 and 400 metres: • LSU-1170: 3.4 g/t Au over 7.2 m • LSU-828: 7.1 g/t Au over 0.27 m • LSU-1275: 6.1 g/t Au over 3.2 m • West Zone, 700 metres southwest of the main zone, along the same gold-bearing structure: 82-40: 3.5 g/t Au over 2.0 m • LSS-85: 4.4 g/t Au over 13.2 m • 82-44: 3.4 g/t Au s over 4.0 m • LSS-58: 3.43 g/t Au over 10.0 m • East Zone, several drill holes with significant grades, • 82-51: 4.62 g/t Au over 7.6 m • LSS-83: 11.0 g/t Au over 2.5 m • LSS-100: 4.6 g/t Au over 2.9 m • East Extension, about 1.3 kilometres east of the old mine, in a surface hole: • LSS-117: 5.2 g/t Au over 1.5 m.
GAND 1 GEOLOGY Mariposite Showing
BEST RESULTS ON GAND 1 • Only 3 shallow holes on the Mariposite shear zone: • 1.0 g/t Au over 13.7 meters (CH-01) • 0.2 g/t Au over 33.0 meters (CH-02) • Lake Shortt Fault, best assays in shallow holes: • 50.3 g/t Au over 0.61 meter (GD-80-04) • 6.8 g/t Au over 0.31 meter (GD-80-01) • 3.5 g/t Au over 0.61 meter (GD-80-12) • Other showings: • 3.0 g/t au over 3.85 meters (GD-80-06) • 4.8 g/t Au over 3.0 meters (GD-81-38) • 8.4 g/t Au over 0.9 meter (GD-80-06)
LA RONCIÈRE GEOLOGY Mariposite Showing Espoir Showing
Our Three year Business Plan • Focus on two major prospective districts: • SELBAIE CAMP FOR SILVER POTENTIAL: • Ag 1 Zone: 1,6 % Zn, 524 g/t Ag, 0,14 g/t Au over 10.5 m • Open in many directions • Sustained exploration drilling planned • LAC SHORTT CAMP FOR OROGENIC GOLD POTENTIAL: • Already impressive alteration and mineralized gold zones and • Untested prospective shear and fault zones over 12 km • Many drill targets never tested in the past. • Sustained exploration programs planned. • The objective: To define an economic orebody